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ADDRESS: 901 Dulaney Valley Road, Suite 800
Towson, MD 21204
PHONE: 888-481-3500
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Leases Before and After New U.S. GAAP: Case Studies of the Impact of Applying Changes in Lease Accounting and Financial ReportingCOURSE ID: LBAGAAP
DESCRIPTION

The proper treatment of leases in the financial statements can already be very complex and confusing, and now lease treatment is changing with ASU 2016-02. This course will take an illustrative example approach to clearly demonstrate the impact of changing accounting and financial reporting requirements under U.S. GAAP.

DESIGNED FOR: Public and industry accountants who need to evaluate the proper accounting and financial reporting treatment of leasesFIELD OF STUDY: AccountingLEVEL: BasicPREREQUISITES: NoneCOURSE PRODUCER: Business Learning InstituteCREDITS: 2.0OBJECTIVES:
  • Describe critical concepts in current U.S. GAAP related to leases
  • Explain the changes in lease accounting and financial reporting as a result of ASU 2016-02 (Topic 842)
  • Apply tips for getting ready for implementing the new lease standard
HIGHLIGHTS:

* Identifying lease agreements under the old and new rules
* Determining finance vs. operating lease classification for both lessees and lessors under the old and new rules
* Illustrative debits and credits of lease accounting under the old and new rules
* Examples of presentation and disclosure under the old and new rules
* Tips for preparing to implement the new lease rules

Download the 2016 Business Learning Institute Course Catalog DOWNLOAD PDF
Business Learning Institute - Course Catalog
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